Oriental Rail Infrastructure shines as its arm bags order worth Rs 1,211.89 crore
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Oriental Rail Infrastructure is currently trading at Rs. 121.00, up by 4.25 points or 3.64% from its previous closing of Rs. 116.75 on the BSE.
The scrip opened at Rs. 119.00 and has touched a high and low of Rs. 121.00 and Rs. 118.00 respectively. So far 1151 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 152.40 on 18-Nov-2021 and a 52 week low of Rs. 50.05 on 05-Jul-2021.
Last one week high and low of the scrip stood at Rs. 121.00 and Rs. 107.00 respectively. The current market cap of the company is Rs. 629.32 crore.
The promoters holding in the company stood at 57.85%, while Non-Institutions held 42.15% stake in the company.
Oriental Rail Infrastructure’s Wholly Owned Subsidiary Company -- Oriental Foundry has successfully secured an order for 2,964 Wagons valuing Rs 1,211.89 crore (to be executed over a period of thirty nine months) against the recent Railway tender for Wagons issued by the Indian Railways.
Oriental Rail Infrastructure is engaged in the manufacture and distribution of wood-based decorative products. The product range of the company includes wood and decorate laminates, compreg boards and veneers.
